Unilex Colour & Chemical IPO
IPO Listing Details
- Listing Date
03 Oct 2024
- Listing Price
₹ 89.00
- Listing Change
2.30%
- Last Traded Price
₹ 84.55
IPO Details
- Open Date
25 Sep 2024
- Close Date
27 Sep 2024
- IPO Price Range
₹ 82 - ₹ 87
- IPO Size
₹ 31.32 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Oct 2024
IPO Timeline
Unilex Colour & Chemical IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Sep-24 | 0.00 | 2.73 | 1.46 | 1.32 |
| 26-Sep-24 | 3.64 | 3.39 | 6.99 | 5.26 |
| 27-Sep-24 | 15.58 | 60.70 | 34.79 | 34.86 |
Last Updated: 01 October 2024 9:39 AM by 5Paisa
Unilex Colours and Chemicals IPO is set to open on 25 September 2024 and will close on 27 September 2024. Unilex Colours and Chemicals produces pigments, sells chemicals and makes food colours.
The IPO includes a fresh issue of 36 lakh shares aggregating ₹31.32 Cr and it does not include offer for sale. The price range is set between ₹82 - ₹87 per share and the lot size is 1600 shares.
The allotment is scheduled to be finalized on 30 September 2024. It will go public on NSE SME, with a tentative listing date of 3 October 2024.
Hem Securities Limited is the book running lead manager, while Link Intime India Private Ltd is the registrar.
Unilex IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹31.32 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹31.32 Cr |
Unilex IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
Unilex IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 15.58 | 6,81,600 | 1,06,20,800 | 92.40 |
| NII (HNI) | 60.70 | 5,12,000 | 3,10,78,400 | 270.38 |
| Retail | 34.79 | 11,93,600 | 4,15,29,600 | 361.31 |
| Total | 34.86 | 23,87,200 | 8,32,28,800 | 724.09 |
Unilex IPO Anchor Allocation
| Anchor Bid Date | 24 September, 2024 |
| Shares Offered | 1,020,800 |
| Anchor portion Size (In ₹ Cr.) | 8.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | 30 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 29 December, 2024 |
1. For working capital requirements
2. Repayment of some outstanding borrowings
3. General corporate purposes
Unilex Colours and Chemicals established in March 2001, specialises in manufacturing pigments, trading chemicals and producing food colors. The company sells its products under the brand name Unilex in both domestic and international markets, offering various pigment solutions for different industries.
Their manufacturing facility located in Palghar, Maharashtra and is equipped with various machines like Ball Mills, Blowers and Drying Vessels. The plant is certified with ISO 9001:2015, ensuring quality management in producing pigments, food dyes and drug intermediates.
Their product range includes over 100 items such as Pigment Green -7 and Ultramarine Blue which are sourced from third party manufacturers. Unilex exports its products to countries like Vietnam, Brazil and UAE among others.
The company also provides various packaging solutions including paper bags and corrugated boxes. As of 31 March 2024, Unilex employed 54 staff members and had 25 contract laborers at its manufacturing unit.
Peers
Kesar Petroproducts.
Sudarshan Chemical Industries.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 149.33 | 144.42 | 151.57 |
| EBITDA | 4.31 | 2.74 | 1.00 |
| PAT | 6.17 | 4.97 | 4.71 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 90.68 | 70.72 | 76.60 |
| Share Capital | 10.02 | 3.34 | 3.34 |
| Total Borrowings | 21.61 | 11.67 | 11.35 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -4.08 | 2.34 | -5.53 |
| Net Cash Generated From / (used in) investing activities | -0.20 | -0.61 | -0.89 |
| Net Cash Generated From / (used in) financing activities | 7.71 | -1.31 | 3.19 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 3.34 | 0.42 | -3.23 |
Strengths
1. The company has long standing relationships with a variety of customers across different geographies reducing dependency on a single market and ensuring stable demand.
2. It offers a broad range of products that serve multiple industries allowing it to cater to diverse market needs and reducing the impact of downturns in any one sector.
3. Led by experienced promoters and directors, the company benefits from deep domain knowledge and strong management. Additionally, its focus on research and development enables continuous product innovation and customization for clients.
Risks
1. As the company operates across multiple industries and regions any economic downturn or adverse conditions in key markets could impact its performance.
2. While the company serves a broad range of industries, a portion of its revenue may still come from key clients. Losing a major client could affect financial stability.
3. The company’s ability to maintain its competitive edge relies on ongoing innovation. Failure to keep up with technological advancements or market trends could erode its market position.
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FAQs
Unilex Colours and Chemicals IPO opens from 25 September to 27 September 2024.
The size of the Unilex Colours and Chemicals IPO is ₹31.32Cr.
The price of the Unilex Colours and Chemicals IPO is fixed between ₹82 -₹87 per share.
To apply for Unilex Colours and Chemicals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Unilex Colours and Chemicals IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Unilex Colours and Chemicals IPO is 1600 shares and the investment required is ₹1,31,200.
The share allotment date of Unilex Colours and Chemicals IPO is 30 September 2024
The Unilex Colours and Chemicals IPO will be listed on 3 October 2024.
Hem Securities Limited is the book running lead manager for Unilex Colours and Chemicals IPO.
Unilex Colours and Chemicals plans to utilize the raised capital from the IPO for:
1. For working capital requirements
2. Repayment of some outstanding borrowings
3. General corporate purposes
Contact Information
Unilex Colour & Chemical
Unilex Colours and Chemicals Limited
106-107, Advent Atria,
Chincholi Bunder Road
Malad (W) Mumbai-400064
Phone: +91-22-28886235
Email: cs@unilexcolours.in
Website: https://unilexcolours.in/
Unilex Colour & Chemical IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
Unilex Colour & Chemical IPO Lead Manager
Hem Securities Limited
